The Trader 

Market Outlook: EU sighs of relief as Germany avoids recession

The Trader

Data published this morning showed that German Q3 GDP grew at 0.1 per cent taking the annualised rate to 0.5 per cent economic growth (following Q2’s drop); many had pencilled in a slide into recession. Overnight Q3 data for Japan came in at 0.1 on the quarter and 0.6 per cent annualised. Also, overnight Australian data showed that unemployment grew to 5.3 per cent in October and the participation rate dipped to 66 per cent. Likewise, in France Q3 unemployment increased to 8.6 per cent.

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